New American Funding extending down payment assistance for Missouri borrowers with poor credit scores

November 18 02:15 2021
New American Funding assures an easy mortgage loan facility with higher loan limit and convenient terms and conditions for borrowers with bad credit.

Missouri – November 17, 2021 – Missouri home buyers struggling to find a mortgage for less than perfect credit scores can finally heave a breath of relief. Leading direct mortgage lender and servicer, New American Funding, is providing down payment assistance for Missouri borrowers with 640+ scores and household income less than 80k. The company has recently announced to offer higher loan limits and new conforming limits are available at $630,000. 

In an exclusive interview, Andy Guerrero, leading loan consultant from New American Funding, shared that they are helping Missouri borrowers with poor credit scores to avail FHA loans with as low as 3.5 percent down payment. The loan also allows money received from gifts and grants. 

“A stellar credit unlocks many doors when it comes to loans and mortgages but it’s no cakewalk to maintain a high score all through your life. There could be mishaps, poor judgments, unexpected expenses, etc., all of which might plummet your credit score. And with the pandemic looming large over our heads since the last one year and half, the economy is almost in shambles. A lot of people are down with poor credit scores at the moment. But, at New American Funding, we want to assure that a less-than-a-perfect-score doesn’t mean all doors are closed for you”, stated Andy. 

“We are here to assist you with convenient down payment through FHA loan that assures a very nominal amount of down payment as well as various convenient terms and conditions for the borrower. And, yes, you don’t have to show a stellar credit score to avail our down payment assistance.” 

As a leading all-inclusive direct mortgage lender and servicer, New American Funding extends a wide variety of  home loans to choose from, such as Conventional, FHA, VA, Jumbo, and so on. The company is backed by a team of highly experienced loan officers who specialize in every kind of loan and are flexible to support borrowers with expert advice and consultancy at the latter’s preferred time and convenience.  

“As a full service lender, we support future and current homeowners at every step of the mortgage lending process- you can always count on us as your one-stop resource for home financing needs. We offer a variety of loans to choose from as per your specific credit score, budget, monthly income, debt-to-income ratio, and needs, and we have something for everyone when it comes to home loans.” 

Speaking on, Andy stressed that being a client-centric company, New American Funding usually follows highly convenient terms and conditions for all types of loans. In regard to Conventional Loans, the company assures as low as 3% down with cancellable monthly mortgage insurance. Borrowers will be able to choose from both fixed rate and adjustable mortgage options. 

For VA loans, New American Funding does not require either monthly down payment or monthly mortgage insurance premiums.  In regard to Jumbo loans, the company has assured highly competitive rates and up to 80 percent LTV 

“Whether you are looking for Jumbo loan or DPA or Conventional loan, we will be your perfect loan and mortgage assistance partner in the State.”

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Media Contact
Company Name: New American Funding
Contact Person: Andy Padua Guerrero
Email: Send Email
Country: United States